Does BlackBerry have a right to stay alive?

Steve Tobak of Fox Business suggests that BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) should just go softly into the night. He says it is the nature of the technology industry that one company’s innovation is unseated as king by another company’s even-better innovation. And he’s certainly right. We’ve seen this throughout history time and again. But he doesn’t think BlackBerry has a right to stay alive.

He notes that there was a time when mighty Apple Inc. (NASDAQ:AAPL) was close to dying, but he says the company’s board “had a clue” and “knew what was going on.” He says Apple chose the right leaders to turn it around. However, he says this is the exception rather than the rule.

So are BlackBerry’s leaders entirely clueless? They did bring in John Chen as CEO, but whether he will be able to do anything with the company at this point is debatable. But there’s one thing for certain. If he does engineer a turnaround at BlackBerry, he will definitely deserve the title of “Turnaround Master.”